RFID report forecasts healthy growth

Advancements in technology, enhanced capabilities and reduction in cost are some of the major factors driving the RFID market across various sectors, according to a new market research report.

RFID applications offer innovation in the form of tracking on a real-time basis, which can be used in various industries such as aerospace/defence, healthcare, transport/automotive, retail and others. Chip-less RFID has given a new dimension to the track-and-trace market, leading to an expectation that the global market for RFID tags and readers will grow at a CAGR of 16% over the period of 2012-18.

The report analyses the RFID equipment market according to various market segments and major geographic regions. The study includes trend analysis, market numbers, industry growth drivers and restraints along with the future market projections, and includes analysis of current developments, Porter’s five force analysis and detailed profiles of top industry players.

The report is available at http://www.marketresearchreports.biz/analysis-details/rfid-equipment-market-global-industry-size-market-share-trends-analysis-and-forecasts-2012-2018.